NMHL Mortgage Lending
Mortgage Lender in Sacramento, CA
Local expertise and competitive rates for Sacramento homebuyers.
Sacramento's housing market offers a unique blend of affordability and amenities, making it an attractive destination for homebuyers. With a median home price of $475,000, Sacramento remains significantly more affordable than major California cities like San Francisco and San Jose. National Mortgage Home Loans (NMHL) is well-positioned to serve Sacramento borrowers, particularly those who may not fit traditional lending criteria. Our expertise in handling complex income situations, credit challenges, and specialized loan programs makes us the go-to lender for Sacramento homebuyers.
The city's diverse neighborhoods, such as Midtown, East Sacramento, and Land Park, offer a range of housing options, from historic homes to new constructions. As the state capital, Sacramento's economy is driven by government employment, healthcare, and technology sectors, providing a stable foundation for the housing market. NMHL's local market knowledge and extensive experience with California's lending landscape enable us to guide borrowers through the mortgage process with ease.
Whether you're a first-time homebuyer or an experienced homeowner, NMHL offers a range of mortgage solutions tailored to Sacramento's unique market conditions. Our team is dedicated to helping you achieve your homeownership goals, with programs designed to accommodate various financial situations, including bad credit, self-employment, and veteran status.
Sacramento Housing Market Overview
Sacramento offers a rare combination in California: relative affordability with access to major metro amenities. As the state capital, government employment provides stability, while Bay Area transplants have boosted demand and prices. The city remains significantly more affordable than San Francisco or San Jose.
Sacramento Neighborhoods
Popular areas for homebuyers in Sacramento, CA
ZIP Codes We Serve in Sacramento
Mortgage lending available in these Sacramento ZIP codes
See What You Qualify For
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Your Local Mortgage Partner
We understand the local market dynamics that affect your home purchase. Our team provides personalized loan options based on local property values and regulations.
Available Loan Programs in Sacramento
Explore mortgage options tailored to Sacramento homebuyers
First Time Home Buyer Mortgages
Special loan programs helping newcomers purchase their first home with favorable terms and support.
Learn MoreRefi-Shield
Learn MoreAdjustable-Rate Mortgage (ARM)
Financial flexibility and optimal rates with an Adjustable-Rate Mortgage – Your key to a dynamic homeownership journey
Learn MoreHigh-Value Appraisal Program
Learn MoreInterest Only Mortgages
Interest-only mortgages allow borrowers to pay only the interest for a set period, reducing initial monthly payments.
Learn MoreHome Equity Loans
Access the equity in your home with a fixed-rate home equity loan. Get a lump sum with predictable monthly payments for ...
Learn MoreFHA Loans
Federal Housing Administration (FHA) loans are government-backed mortgages designed to help first-time homebuyers and th...
Learn MoreFixed-Rate Mortgage
Lock in your interest rate for the life of the loan with a fixed-rate mortgage. Predictable monthly payments make budget...
Learn MoreBridge Loans
Bridge the gap between buying your new home and selling your current one. Short-term financing that gives you the flexib...
Learn MoreVA Loans
VA loans are a benefit earned by veterans, active-duty service members, and eligible surviving spouses. Backed by the De...
Learn MoreConventional Loans
Conventional loans are not backed by government agencies and typically offer the most flexibility for qualified borrower...
Learn MoreITIN Loans
Purchase a home using your Individual Taxpayer Identification Number (ITIN) without a Social Security Number. NMHL is co...
Learn MoreJumbo Loans
Jumbo loans exceed conforming loan limits and are designed for luxury properties and homes in high-cost areas. With comp...
Learn MoreDSCR Investment Loans
Debt Service Coverage Ratio (DSCR) loans qualify based on rental income rather than personal income. Perfect for real es...
Learn MoreBank Statement Loans
Bank statement loans are designed for self-employed borrowers and business owners who have difficulty documenting income...
Learn MoreReverse Mortgages
For homeowners 62 and older, reverse mortgages allow you to access your home equity without monthly payments. Stay in yo...
Learn MoreUSDA Mortgages
USDA Rural Development loans help moderate-income buyers purchase homes in eligible rural and suburban areas. With no do...
Learn MoreHeloc
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Understanding Sacramento's Housing Market
Sacramento's housing market is characterized by a mix of established neighborhoods and new developments. The city's median home price is $475,000, with prices varying depending on factors like location, property type, and amenities. Neighborhoods like Midtown and East Sacramento offer a blend of historic homes and modern constructions, while areas like Natomas and Elk Grove feature newer developments with a range of housing options.
- The city's proximity to major employment centers, including government offices and healthcare facilities, makes it an attractive destination for professionals.
- Sacramento's housing market is influenced by its relative affordability compared to other California cities, attracting buyers from the Bay Area and beyond.
- The local economy is driven by a diverse range of industries, including government, healthcare, education, and technology.
NMHL's local market expertise can help you navigate Sacramento's housing market and find the right mortgage solution for your needs.
First-Time Homebuyer Programs in Sacramento
California offers a range of programs designed to support first-time homebuyers, including those in Sacramento. The California Housing Finance Agency (CalHFA) provides financing options, down payment assistance, and education to help first-time buyers achieve their goals. NMHL works closely with CalHFA and other organizations to offer competitive mortgage products and expert guidance throughout the homebuying process.
Some popular programs for first-time homebuyers in Sacramento include:
- The CalHFA Conventional Loan Program, which offers low down payment options and competitive interest rates.
- The California Mortgage Credit Certificate (MCC) program, which provides a tax credit of up to 20% of the annual mortgage interest.
- Down payment assistance programs, such as the CalHFA Down Payment Assistance Program, which can provide up to 3.5% or 4% of the loan amount towards down payment and closing costs.
NMHL can help you explore first-time homebuyer programs and find the best mortgage solution for your situation. Contact us today to get started.
Mortgage Options for Sacramento Homebuyers
NMHL offers a range of mortgage products tailored to Sacramento homebuyers, including conventional, FHA, VA, and jumbo loans. Our mortgage experts can help you determine the best loan option based on your financial situation, credit profile, and homeownership goals.
Some popular mortgage options for Sacramento homebuyers include:
- FHA loans, which offer low down payment requirements and more lenient credit scoring.
- VA loans, which provide favorable terms for eligible veterans, active-duty military, and surviving spouses.
- Jumbo loans, which can help finance higher-end properties or larger loan amounts.
NMHL's mortgage experts can help you navigate the mortgage process and find the best loan option for your needs. Get pre-approved today.
Down Payment Assistance for Sacramento Homebuyers
Down payment assistance programs can help Sacramento homebuyers overcome one of the biggest hurdles to homeownership: saving for a down payment. NMHL works with various organizations to offer down payment assistance programs, including the CalHFA Down Payment Assistance Program.
These programs can provide:
- Up to 3.5% or 4% of the loan amount towards down payment and closing costs.
- Grants or matching funds to help with down payment and closing costs.
- Second mortgages or subordinate financing to supplement the primary loan.
NMHL can help you explore down payment assistance programs and find the best mortgage solution for your situation. Contact us today to learn more.
Frequently Asked Questions
The average property tax rate in Sacramento is 0.74%, which is relatively low compared to other parts of California. This rate applies to the assessed value of your property, which is typically a percentage of the purchase price. For example, on a $475,000 home, the annual property tax would be approximately $3,515. It's essential to factor property taxes into your overall homeownership costs when considering a mortgage in Sacramento.
School districts play a significant role in determining home values in Sacramento. Highly-rated districts like Sacramento City Unified and Elk Grove Unified can increase property values, as families are willing to pay a premium to live within these boundaries. When searching for a home in Sacramento, consider the local school district, as it can impact not only the quality of education but also the long-term value of your investment.
California offers various down payment assistance programs that can help Sacramento homebuyers achieve their goals. The California Mortgage Credit Certificate (MCC) program, for example, provides a tax credit of up to 20% of the annual mortgage interest, reducing federal income tax liability. Additionally, the California Housing Finance Agency (CalHFA) offers down payment assistance programs, such as the CalHFA Conventional Loan Program, which can provide up to 3.5% or 4% of the loan amount towards down payment and closing costs.
While traditional lenders may be hesitant to approve mortgage applications with bad credit, NMHL offers alternative solutions. Our mortgage experts can help you explore options like FHA loans, which allow credit scores as low as 580, or subprime mortgage products designed for borrowers with credit challenges. By working with NMHL, you can get pre-approved for a mortgage in Sacramento even with less-than-perfect credit.
NMHL offers a range of benefits for Sacramento homebuyers, including personalized service, local market expertise, and access to specialized loan programs. Our mortgage experts are knowledgeable about Sacramento's unique housing market and can guide you through the mortgage process, from pre-approval to closing. With NMHL, you can expect competitive rates, flexible underwriting, and a commitment to helping you achieve your homeownership goals.
The pre-approval process typically takes a few days to a week, depending on the complexity of your financial situation and the documentation required. At NMHL, our mortgage experts work efficiently to review your creditworthiness, income, and other factors to provide a pre-approval decision. By getting pre-approved, you'll have a clear understanding of your borrowing power and can make informed decisions when searching for a home in Sacramento.
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